Forbes & Company Ltd

Forbes & Co Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Forbes & Company Ltd

₹ 364 1.99%
02 May 10:17 a.m.
forbes.co.in BSE: 502865
About

Incorporated in 1919, Forbes & Company Ltd
is in the business of Health, Hygiene, Safety Products and its services, manufacturing &
sale of engineering products, real estate development project and leasing of
premises, IT Enabled Services and
Products and Shipping and Logistics
Services[1]

Key Points

Business Overview:[1]
FCL is a part of the Shapoorji Pallonji Group, which holds a 73.85% equity stake in FCL. Company's operations including:
a) Engineering business:
This comprises industrial automation and coding
b) Residential project development:
Company is developing real estate projects called Vicinia in Chandivali, Mumbai. In addition, FCL earns substantial income from its real estate holdings.
c) Others:
It has many subsidiaries, JVs, and associate companies. However, the company has undertaken various divestment and business discontinuations over the years

Website BSE
  • Market Cap ₹ 470 Cr.
  • Current Price ₹ 364
  • High / Low ₹ 788 / 264
  • Stock P/E 16.2
  • Book Value ₹ 170
  • Dividend Yield 0.00 %
  • ROCE 21.8 %
  • ROE 16.1 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Debtor days have improved from 35.0 to 15.3 days.

Cons

  • The company has delivered a poor sales growth of -40.8% over past five years.
  • Company has a low return on equity of -2.56% over last 3 years.
  • Contingent liabilities of Rs.162 Cr.
  • Promoters have pledged 98.2% of their holding.
  • Earnings include an other income of Rs.110 Cr.
  • Dividend payout has been low at 14.6% of profits over last 3 years

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
117 122 64 61 11 11 16 12 87 36 35 40 89
113 122 57 64 15 11 17 12 84 31 30 37 77
Operating Profit 3 0 7 -3 -4 0 -2 0 4 5 4 3 12
OPM % 3% 0% 11% -5% -33% 1% -10% 1% 4% 13% 12% 9% 13%
4,295 195 14 8 14 17 -20 3 -1 2 3 10 97
Interest 11 7 4 4 -1 0 0 0 1 0 0 0 0
Depreciation 8 7 4 4 1 0 0 0 0 0 0 0 0
Profit before tax 4,279 182 12 -3 10 17 -23 3 1 6 6 13 108
Tax % -0% 20% -223% 51% -3% 36% 1% -56% -173% 19% 18% 27% 5%
4,294 146 40 -4 10 11 -23 4 3 5 5 10 103
EPS in Rs 3,326.29 113.01 31.02 -3.16 7.93 8.33 -17.60 3.05 2.63 4.09 3.98 7.36 79.72
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,067 3,546 3,231 2,999 2,822 2,853 2,731 932 515 47 126 199
2,914 3,417 3,194 2,892 2,693 2,710 2,701 821 465 76 124 173
Operating Profit 153 129 37 106 129 143 30 111 49 -29 2 26
OPM % 5% 4% 1% 4% 5% 5% 1% 12% 10% -63% 2% 13%
52 65 135 134 39 35 -171 -48 4,252 243 -1 110
Interest 79 91 107 74 96 89 101 52 42 10 2 1
Depreciation 54 22 75 71 77 77 98 68 41 6 2 2
Profit before tax 72 81 -9 95 -4 11 -341 -56 4,218 198 -2 134
Tax % 30% 54% 423% 26% 682% 126% -1% 107% -0% 3% 122% 8%
50 37 -48 89 -32 -3 -338 -117 4,229 192 -4 123
EPS in Rs 31.05 25.17 -45.39 65.49 -15.07 5.40 -251.63 -60.21 3,278.84 148.80 -3.46 95.16
Dividend Payout % 0% 0% 0% 4% -17% 93% 0% 0% 0% 44% 0% 0%
Compounded Sales Growth
10 Years: -25%
5 Years: -41%
3 Years: -27%
TTM: 58%
Compounded Profit Growth
10 Years: 0%
5 Years: 17%
3 Years: -82%
TTM: 265%
Stock Price CAGR
10 Years: 23%
5 Years: 63%
3 Years: 28%
1 Year: -48%
Return on Equity
10 Years: %
5 Years: %
3 Years: -3%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 398 431 206 301 303 251 -101 -154 73 212 127 207
918 1,180 1,140 1,164 1,189 1,070 1,137 523 288 9 9 5
1,160 1,188 1,220 1,228 1,254 1,541 1,695 1,654 415 467 271 80
Total Liabilities 2,488 2,811 2,579 2,706 2,759 2,874 2,744 2,036 789 701 421 305
878 1,140 997 1,036 1,139 1,134 1,027 598 158 29 27 27
CWIP 29 51 72 74 94 87 29 4 1 0 0 0
Investments 10 26 92 73 80 81 123 60 117 145 171 200
1,571 1,594 1,418 1,524 1,445 1,573 1,565 1,374 513 527 223 78
Total Assets 2,488 2,811 2,579 2,706 2,759 2,874 2,744 2,036 789 701 421 305

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
114 98 120 67 170 207 229 366 201 55 -20 -11
-409 -51 -83 5 -130 -44 -143 65 9 216 1 6
421 -80 -36 -20 -94 -230 -122 -382 -275 -243 -6 -1
Net Cash Flow 126 -34 2 52 -53 -66 -36 49 -65 27 -26 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 66 60 59 56 54 60 54 47 62 61 29 15
Inventory Days 131 102 98 138 155 220 284 188 533 884 38
Days Payable 192 162 140 115 142 151 162 99 214 338 64
Cash Conversion Cycle 5 0 17 79 68 128 177 136 380 61 574 -10
Working Capital Days -14 0 -2 8 -4 -34 -64 -139 16 -145 -287 14
ROCE % 14% 11% 3% 5% 5% 7% -2% 14% 12% -9% 4% 22%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85% 73.85%
11.52% 11.52% 11.52% 11.52% 11.52% 11.51% 11.58% 11.56% 11.51% 11.30% 10.16% 8.24%
0.11% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.19%
0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86% 0.86%
13.66% 13.70% 13.69% 13.68% 13.68% 13.67% 13.61% 13.63% 13.68% 13.89% 15.04% 16.85%
No. of Shareholders 11,72114,81914,33613,83013,58613,06712,61913,30213,12812,85212,83613,061

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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